Fast Track Authority (FTA) is the institutional procedure in the Unites States whereby Congress grants to the President the power to negotiate international trade agreements. Under FTA, Congress can only approve or reject negotiated trade deals, with no possibility of amending them. In this...

The world has witnessed an unprecedented proliferation of regional trade agreements (RTAs) since the early 1990s, which has prompted a heated debate among trade economists and policymakers about the implications of RTAs for the multilateral trading system. Besides the standard economic gains...